The Reserve Bank of India's has been gently nudging the rupee lower against the dollar, seeking to align it with trading partners' weaker currencies, and reduce exporters' suffering. Beyond the spot dollar/rupee exchange rate, the RBI closely watches the real-effective-exchange rate (REER) - a measure of the economy's competitiveness - and will have been uneasy with a currency that on that measure was 11 percent overvalued in April. Traders say the RBI has been intervening, buying up US dollars ... Rediff.com, 2 months ago
Indian share indices recouped some losses from the near 6% fall on Monday to end Tuesday's session 1.0% up. (Photo: PTI) The rupee rebounded and stocks bounced back on Tuesday but the currency remained below the 66 mark to the dollar with the ...Financial Express, 1 week ago
MUMBAI: Will recent history repeat itself? For Dalal Street traders, the reaction of foreign institutional investors (FIIs) to the drop in the rupee last week was almost a repeat of the events of August 2013. In the week through Thursday, these investors ...Economic Times, 2 weeks ago
NEW DELHI: Wholesale prices slipped further in June, marking the eighth straight month of deflation and going against the trend in retail inflation that rose to a nine-month high in the same month. Inflation based on wholesale price index fell to ...Economic Times, 1 month ago
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